8/20/2008 @ 11:00PM

In Pictures: The World's Richest Royals

An inside look at the billionaire and his plans to add onto Monaco’s wealth.

No. 7: Sheikh Hamad bin Khalifa Al Thani

Qatar

Age: 56

Net worth: $2 billion

Became ruler after deposing his father in a bloodless coup in 1995. Sheikh Hamad spearheaded the development of Qatar’s vast oil and natural gas reserves. He is currently making money from LNG commissions, with contracts with Korea, Belgium and Taiwan. The country now has the highest per-capita income in the world. A graduate of Britain’s Sandhurst Military Academy, Sheikh Hamad also oversaw the modernization of Qatar’s armed forces. Provided key start-up capital for Al Jazeera and its English sister station.